WeVote
Log In

Bill

Bill

A 8307

Relates to requiring certain individuals to file financial disclosure forms

2025 Regular Session Introduced by Karen McMahon

Requires certain individuals to file financial disclosures, boosting transparency and enabling scrutiny of assets, income, and interests.

REFERRED TO GOVERNMENTAL OPERATIONS
0
WeVote Research Nonpartisan
Bill Summary · A 8307

Summary: Bill A 8307 – Relates to requiring certain individuals to file financial disclosure forms

Overview

  • Bill Number: A 8307
  • Title: Relates to requiring certain individuals to file financial disclosure forms
  • Introduced: May 13, 2025
  • Status: Referred to the Governmental Operations committee
  • Primary Sponsor: Karen McMahon

The bill proposes to require specific individuals to file financial disclosure forms. The materials provided do not include the bill’s full text, so the exact scope, definitions, and reporting requirements are not specified here. The presence of a companion Senate bill (S 5169) and multiple related Assembly bills from prior sessions indicates ongoing interest in strengthening financial disclosure obligations.

Purpose and intent

  • Increase transparency by mandating financial disclosures from identified individuals.
  • Create a formal mechanism for reporting financial interests, assets, or income as defined by the bill.
  • Establish an enforcement framework and potential penalties for noncompliance (details not provided in the summary).

Key provisions (high-level expectations)

The specific provisions are not included in the information provided. Bills of this nature typically address:
- Scope: who is required to file (e.g., certain elected officials, senior state employees, appointees, or contractors) and any thresholds.
- Required disclosures: types of information to report (assets, liabilities, income, gifts, investments, business interests, sources of income, etc.).
- Filing requirements: how often filings must be submitted (upon taking office, annually, or as conditions change) and where filings are made public.
- Exemptions: potential exemptions or restricted categories for particular information.
- Enforcement: penalties for failure to file or for inaccuracies, along with oversight or reporting mechanisms.
- Effective date: when the requirements would take effect and any phased implementation.
- Procedures for updating or amending disclosures.

Note: The exact text would specify these elements and their details.

Affected parties

  • The bill would apply to “certain individuals” as defined within the final statute. Specific eligibility or inclusion criteria are not provided here.
  • The existence of a Senate companion (S 5169) suggests parallel reform across chambers, potentially covering similar categories of individuals.

Procedural and timeline aspects

  • Introduced: May 13, 2025.
  • Status: Referred to Governmental Operations (likely committee review before potential floor consideration).
  • Legislative actions listed: both dated May 13, 2025, indicating the initial referral has occurred.
  • Related legislation: A 7173, A 2206, A 1610, A 4847, A 9434 (prior sessions) and S 5169 (companion), signaling historical and ongoing interest in strengthening disclosures.

Next steps for readers

  • Review the full bill text to understand who must file, what must be disclosed, how often, and what the penalties are.
  • Monitor committee hearings in Governmental Operations for expert testimony and potential amendments.
  • Compare with the companion S 5169 to anticipate cross-chamber alignment or differences.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.